JPMorgan takes minority stake in Global Pay-Ex

Date posted: Tuesday 14 May 2019

JPMorgan has made its first equity investment in a homegrown fintech company, as part of a broader plan to build comprehensive payments support and supply-chain finance management infrastructure for their India-based corporate client-base. With this undisclosed investment, the American multinational investment bank has acquired a minority stake in B2B payments fintech Global Pay-Ex.

(ET Tech)